Key stats
About Franklin Municipal Green Bond ETF
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Inception date
Aug 31, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
ISIN
US35473P8501
FLMB seeks a high level of current income, free from federal taxes, without the use of leverage. The portfolio relies on Franklin Templetons access and experience in the fixed income markets to select investment-grade municipal securities in which the bond proceeds will be used for projects that promote environmental sustainability. While the portfolio will hold securities of varying maturities, the managers seek to maintain a dollar-weighted average portfolio maturity of 5 to 15 years. FLMB will not invest more than 15% of the fund's assets in a single state. Prior to Aug. 15, 2020, the fund was named Franklin Liberty Municipal Bond ETF. From Aug. 15, 2020, to May 2, 2022, the fund name was Franklin Liberty Federal Tax-Free Bond ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.91%
Cash0.09%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLMB last dividends amounted to 0.08 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 15.83% decrease.
FLMB assets under management is 89.97 M USD. It's fallen 0.32% over the last month.
FLMB fund flows account for −15.34 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FLMB pays dividends to its holders with the dividend yield of 3.87%. The last dividend (Sep 5, 2025) amounted to 0.08 USD. The dividends are paid monthly.
FLMB shares are issued by Franklin Resources, Inc. under the brand Franklin. The ETF was launched on Aug 31, 2017, and its management style is Active.
FLMB expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
FLMB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLMB invests in bonds.
FLMB price has risen by 3.48% over the last month, and its yearly performance shows a −3.25% decrease. See more dynamics on FLMB price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.19% increase in three-month performance and has increased by 0.79% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.19% increase in three-month performance and has increased by 0.79% in a year.
FLMB trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.